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Continual Professional Development (CPD) “investing in your greatest asset”

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Presentation on theme: "Continual Professional Development (CPD) “investing in your greatest asset”"— Presentation transcript:

1 Continual Professional Development (CPD) “investing in your greatest asset”

2 What is Continual Professional Development  Any educational activity which helps maintain, develop or increase knowledge, problem solving, technical skills, performance standards and competence to practice.

3 Educational (CPD) activities Formal Activities  Structured programs  Workshops  Conferences  Presentation of technical papers  Presentation of case studies  Workplace mentoring Informal Activities  Additional reading  Trial and error  Professional networking (a network of ‘go to guys’ for trouble shooting or advice)

4 Why provide CPD activities As a business with limited revenue and profits why spend the money on CPD? Answer:  Risk reduction – CPD will reduce likelihood  Increase in efficiency = decrease in costs  Flexible work force = Business diversification  Employee satisfaction  Investment in Employees = reward and recognition  Happy employee = productive employee

5 Why provide CPD activities Effectiveness of retention strategies as reported by agencies, 2010–11 Recruitment is a necessary activity but estimates of direct recruitment costs are high, at 15% to 25% of a position’s annual salary – Data provided by the Australian Public Service commission 2010-2011 Recruitment and retention parliamentary report. Employee reasons to leave agency within the next two years, 2010–11

6 Why provide CPD activities

7 Who should do CPD and when  We never stop learning and our industry is always changing and evolving to reflect new technology, new processes and client demands. Who needs to do CPD:  Employers – To be able to modify business plans and practices to take advantage of changing markets.  Managers – to be able support and advise their employees and operate their team/departments more efficiently  Employees – increase efficiency and reduce risk.

8 How to select CPD activities With hundreds of options out there how do you select the CPD activities for you or your employees? Things to consider:  Industry demands / expectations / requirements (which is ever changing and evolving)  Personal / professional career pathway requirements  succession planning  Strengths / weaknesses / skill gaps

9 From concept to reality Setting SMART goals (useful for setting KPI’s ) S – Specific: clearly define the desired outcome when defining the overall goal i.e. “I want to increase profits by reducing cost and increasing efficiency” M – Measurable: All goals need to be measurable otherwise there is no incentive to achieve them. Imagine playing a game of football or cricket and not knowing the score. Where is the motivation to play or continue to play. A – Achievable: all goals must be achievable otherwise people will loose hope and give up. Also by making them achievable it comes with a sense of accomplishment and recognition by peers. R – Relevant: Objective must relate back to the team/company goals and objectives. It must also be relevant to the individual. T – Time based: a target date or milestone can motivate people and is a crucial factor in determining efficiency relative to a base line.

10 From concept to reality


12 Thank you

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